<:steflol:561214382181318656>

can't*

amerimutt moment id say

you should get comfortable with credit card, the rewards are too good to pass up

https://www.youtube.com/watch?v=ZtzNEE2Esbc

On a few occasions in my life I have been thriftless and extravagant and I don't want to put myself in that position

that's pretty shitty tbh, but it probably is a good reflection of maturity

high credit score, I mean

yeah mine is like 840

credit score

Do you have no credit if you've never had a credit card?

yes

Mine is 720ish, been repairing since my early 20s

basically yes

you dont have one

buuut the problem is if you have a credit card you have to use it at least once a while

Having no credit hurts your credit score

no history I mean

I thought it was just something the government kept track of based on your electronic financial transactions in general tbh

so it's probably shit

if you never taken credit

or else they cancel it automatically and hurts your credit score

your credit score is based on 3 things primarily. 1. ontime payments. 2. debt/credit ratio. 3. age of accounts

do those 3 things you're golden

https://www.youtube.com/watch?v=mvbb5NqQ_C0

so actually if you want a higher credit score, always ask for credit limit increase

I have one account with $5,000 and I've never taken anything out of it

so then youre $200 balance on $20,000 in credit is nothing

My other two accounts are like fair game

```
Women like men who are prone to violence
-Sam Hyde
```

that's y i beat my med waifu

One account to spend freely, one for backup funds account which I only touch when I need money and one where I keep my actual savings

get a lot of credit cards, put them in your sock drawer never use them, use 1 or 2 and always pay them off ontime and ask for limit ugprades

https://youtu.be/c9YfTn3sqcg

one of my credit cards has like 65k limit

i could buy a fucking tesla

but i never would

>credit card

My grandmother always told me never to get one lol

Imagine not just stealing it

<:virgin:396572545610022914>

and that they're basically scams meant to trap people

how you gonna buy a house without going into massive debt? @Angry.

i steal even water

you gonna steal a house?

i told you guys the 3 rules for sky high credit score

I break the law but it’s bed time so I’m going to go to sleep

follow those you can get your score insanely high

^^%

no breaking law when sleepy time

it's bed time

@Angry. gn king

yes, it's not a bad thing to have a high credit score

gn nick

Ok I'll get a credit card

dude you need credit to get a mortgage

Last time I asked you guys you told me not to

@Medman gn Chief

and a mortgage is basically FREE MONEY

"A mortgage is free money"

i only nighted my king angry, stfu boomer 😤 😤 💯 💯

use it for 1 thing and 1 thing only. food or fuel

interest rates are so low, its literally a giveaway

I drive a shitty car, I don't even care. Only time I plan to use my credit score will be to buy a house in a couple years

Ok now I know you're fucking with me

what i mean is, if you can invest money in stocks at 8%, and get a mortgage for 3%....

a mortgage is an amazing financial tool

Balls sweaty

if used wisely

Mum spaghetti

yes

<:dab:395562678153904128>

MUM SPAGHETTI

in the US mortgage tax advantages are fantastic

don't use credit card for dumb shit like tvs and toys. use it just for groceries and live within your means and pay your bill every month

he's on the nervous, but on the surface he looks spaghetti

I have a relative who has been in debt for 30 years because he took out a mortgage loan on a house that was literally built by his father

no taxes on interest, the principal is just you saving for your future

The debt keeps increasing because of interest rates

sheiiit. I wanna buy a house

thats because they're not intelligent leaf

I'm considering buying a duplex on first home buyers loan, and renting one side out

are they doing cash out refinance for fancy vacations?

live there for a couple years, then move on

if you do a cash out refinance use it to buy a SECOND investment property

not for shitty stuff

They can't afford vacations lol

They're just above the poverty line

Never been able to fully pay off their debts but always paying portions

yeah if you live in a house 2 years, you get ZERO capital gains tax on the appreciation up to 250k-500k

Such retards

Yet the debt keeps rising

Tbh somebody who cant prevent themself from smoking probably shouldn't be trusted with credit

Literally being raped by Jews

the debt only keeps rising if he get something like an ARM or interest only loan

baste

Shut up downfall

what's a typical mortgage payment?

joos dealing with the c*nucks